When it's time for a new car, you have two main options for financing: leasing or getting an auto loan. At Jeff Wyler Honda of Colerain in Cincinnati, OH, we want to ensure you make the optimal choice for your needs and budget.
Are There Advantages to Leasing a New Car?
Leasing a new Honda model offers some great benefits for Fairfield motorists. With a lease, your monthly payments are typically lower than finance payments would be. This aspect can make it easier to get a nicer new car for less money per month. Leases also come with warranty coverage for the duration of the lease, so you don't have to worry about surprise repair bills. When the lease ends, you can turn the car in and lease a new one, meaning you'll always have a newer car with the latest features.
Auto Loans Offer Advantages, Too
While leasing is great for some Cincinnati drivers, buying and financing with an auto loan has its perks, too. The biggest advantage is that you own the car free and clear once you finish paying off your auto loan. You can keep driving it around Hamilton or sell it to put cash in your pocket. Auto loan terms are also more flexible, with options from 12 to 84 months. This scenario allows you to find an affordable monthly payment that fits your budget.
Apply for Financing Pre-Approval Using Our Quick Online Form
Ready to explore your financing options for a new vehicle? The finance experts at our Honda dealership near Dayton can pre-approve you for lease and loan options to see which works for your needs. You are welcome to contact us or visit our Honda finance center in Cincinnati soon to get started!